Piper Sandler Reaffirms “Overweight” Rating for Twilio (NYSE:TWLO)

Twilio (NYSE:TWLO)‘s stock had its “overweight” rating reaffirmed by Piper Sandler in a report released on Friday,Benzinga reports. They currently have a $142.00 price target on the technology company’s stock, up from their previous price target of $94.00. Piper Sandler’s price objective suggests a potential upside of 4.43% from the stock’s previous close.

Several other research firms have also recently issued reports on TWLO. Northland Securities raised their target price on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $115.00 to $160.00 in a research report on Friday. Monness Crespi & Hardt raised shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Friday, November 15th. TD Cowen increased their target price on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, Mizuho raised shares of Twilio from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $85.00 to $140.00 in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.96.

Twilio Stock Up 19.9 %

Shares of NYSE TWLO opened at $135.98 on Friday. The company has a market capitalization of $20.86 billion, a P/E ratio of -52.91, a P/E/G ratio of 2.22 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company has a 50 day simple moving average of $109.20 and a 200-day simple moving average of $81.22. Twilio has a 1 year low of $52.51 and a 1 year high of $141.40.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the transaction, the chief financial officer now owns 153,910 shares in the company, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the sale, the insider now directly owns 142,291 shares in the company, valued at $11,383,280. This trade represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,527 shares of company stock worth $2,844,655 in the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. FMR LLC grew its stake in Twilio by 0.8% during the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock worth $600,447,000 after buying an additional 77,436 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Twilio by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after acquiring an additional 444,295 shares during the period. Geode Capital Management LLC grew its position in shares of Twilio by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock worth $177,622,000 after acquiring an additional 33,824 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Twilio by 736.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after acquiring an additional 1,006,391 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in Twilio by 258.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after purchasing an additional 630,627 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.